Centene Completes Acquisition of PANTHERx Rare Pharmacy (PANTHERx)
ST. LOUIS, Dec. 30, 2020 /PRNewswire/ -- Centene Corporation (NYSE: CNC) today announced that it has completed its acquisition of PANTHERx, one of the largest and fastest-growing specialty pharmacies in the United States specializing in orphan drugs and treating rare diseases.
"We are pleased to welcome the PANTHERx team to the Centene family," said Michael F. Neidorff, Chairman, President and Chief Executive Officer for Centene. "PANTHERx is a leader in rare disease pharmacy and brings a unique capability to our comprehensive pharmacy portfolio. Together, we will ensure patients living with complex and rare diseases get the quality care they deserve."
As previously announced, PANTHERx and its management team will continue to operate independently as part of Centene's Envolve Pharmacy Solutions, a total drug management program that includes integrated Pharmacy Benefit Manager (PBM) services and specialty pharmacy solutions to millions of members throughout the United States.
About Centene Corporation
Centene Corporation, a Fortune 50 company, is a leading multi-national healthcare enterprise that is committed to helping people live healthier lives. The Company takes a local approach – with local brands and local teams – to provide fully integrated, high-quality, and cost-effective services to government-sponsored and commercial healthcare programs, focusing on under-insured and uninsured individuals. Centene offers affordable and high-quality products to nearly 1 in 15 individuals across the nation, including Medicaid and Medicare members (including Medicare Prescription Drug Plans) as well as individuals and families served by the Health Insurance Marketplace, the TRICARE program, and individuals in correctional facilities. The Company also serves several international markets, and contracts with other healthcare and commercial organizations to provide a variety of specialty services focused on treating the whole person. Centene focuses on long-term growth and the development of its people, systems and capabilities so that it can better serve its members, providers, local communities, and government partners.
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SOURCE Centene Corporation
Released December 30, 2020